George Osborne backs Christine Lagarde for second term at IMF

U.K. Chancellor of the Exchequer George Osborne endorsed Christine Lagarde for a second term as managing director of the International Monetary Fund Thursday, just minutes after the fund launched “an open, merit-based, and transparent” nomination process for the role.

Osborne said in a statement that with the world facing “a dangerous cocktail of risks,” Largarde “has the vision, energy and acumen to help steer the global economy through the years ahead.”

In announcing the beginning of a three-week nomination period the IMF said the successful candidate will have “a distinguished record in economic policymaking at senior levels … an outstanding professional background … managerial and diplomatic skills needed to lead a global institution … strategic vision,” as well as being “an effective communicator.”

Lagarde’s current appointment expires on July 5 and the dean of the IMF’s executive board, Aleksei Mozhin, said “the board intends to complete the selection process by early March.”

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Strindberg

Can anyone tell, how many budgets were presented by Madame Lagarde in line with the Maastricht rules (max -3 %, max 60 % ; etc ) when she was the finance minister of France? Didn’t she breach the rules EVERY year when she was responsible?